Coinbase giving out $250k in Bitcoin cryptocurrency as part of sweepstakes

If you've been wanting to start your crypto journey, there is an ongoing contest that can give you some motivation.

Coinbase is giving away up to $ 250,000 in Bitcoin. It is automatically entered once you create an account, which you can do on the Coinbase website here.

One winner will receive $ 250,000, six winners will receive $ 25,000, and 1,000 winners will receive $ 100, all in Bitcoin. Winners will be notified around November 29.

In addition to the contest, all new users Receive $ 5 in Bitcoin for free after verification of identification.

The giveaway is available to all residents of the US, except Hawaii, DC, and US territories.

If you already have a Coinbase account, there is still one way to get in: by mail. You can find detailed information and directions here.

Currently, a Bitcoin worth more than $ 63,000, based on real-time data followed by CoinMarketCap (market capitalization is constantly changing). Its market capitalization is currently over $ 1.1 trillion.

What is Bitcoin?

Bitcoin is currently the largest cryptocurrency and the first to be widely adopted. according to Coinbase. It was created in 2008 by Satoshi Nakamoto, a pseudonymous person or team.

Cryptocurrency is a digital asset designed to be used over the Internet. It is decentralized, which means that it is not controlled by the government or any other central authority, such as a bank.

How do I invest in Bitcoin?

Bitcoin IRA is an option, since it is a platform specifically designed for investing in bitcoin.

Once you create an account, the specialists will "reinvest your funds from an existing retirement fund, run self-directed trading, and securely move your coins to a digital wallet." according to your website.

To invest, you don't have to buy a full Bitcoin, you can buy only a fraction.

What is cryptocurrency?

Cryptocurrency is a digital asset designed to be used over the Internet, according to Coinbase. It is decentralized, which means that it is not controlled by the government or any other central authority, such as a bank.

If you are interested in investing in other cryptocurrencies such as Dogecoin, Shiba Inu, Cardano, Ethereum, and Tether, here are some options to get started:

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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com is Facebook. Do you have a tip? Tell us. nj.com/tips


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